Should I Make Extra Payments?

This calculator shows you how much sooner you pay off your loan by making extra payments. Fill in the following information and click the Calculate button for results.

All fields are required.

Remaining loan balance:
Annual interest rate:
Years remaining on loan:
Monthly payments:
 
Years remaining in new plan:
Total remaining payments under old plan:
Total remaining payments under new plan:
Total interest saved:
   
 

Note: This calculator is intended for informational purposes only and LoanGenie is not responsible for any errors in calculations. This calculator is only a guide. In the interest of simplicity, certain conservative assumptions about rent increases, closing costs, and other factors have been made.